Ottawa okays $6.9B sale of Teck coal unit to Glencore, signalling new national security M&A regime

By John Schofield (July 5, 2024, 3:19 PM EDT) -- In the wake of a thwarted hostile takeover bid last year, the federal government has allowed Switzerland-based Glencore PLC to carry out a more limited, US$6.9 billion acquisition of Vancouver-based Teck Resources Ltd.’s metallurgical coal business, Elk Valley Resources (EVR)....